Kazakhstan’s oil production from April 1 to 28 reached 1.814 million barrels per day , exceeding its OPEC+ quota of 1.473 million bpd by over 340,000 bpd, despite a 3% decline from March’s average.
This overproduction continues a pattern observed in previous months, with March’s output at 1.8 million bpd, surpassing the quota by 332,000 bpd. The Chevron-led Tengiz oilfield, Kazakhstan’s largest, has been a significant contributor to this elevated production.
Newly appointed Energy Minister Erlan Akkenzhenov emphasized that Kazakhstan’s oil production decisions are driven by national interests rather than strict adherence to OPEC+ agreements. He highlighted the limited state control over major oil projects operated by foreign companies, making it challenging to adjust output levels.
